EU continues to pump more milk even amid weak dairy prices, Fonterra says

Fri, 17 Jun 2016

By Tina Morrison June 17 (BusinessDesk) - European Union dairy production has continued to increase, even as output eased in other major exporting countries in response to low milk prices, according to Fonterra Cooperative Group's latest Global Dairy Update. Milk production in the EU rose 7 percent in March compared with the same month a year earlier, taking the annual growth rate to 4 percent, Auckland-based Fonterra said in its update. That contrasts with a 1 percent decline in production in both New Zealand and Australia in the 12 mont...

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